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Dec 11, 2012
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medicare savings? for example, are you ready to say that you would be, for example, willing to change the ainge for recipients to achieve? >> maria, i'm losing sound here. i cannot -- >> can you hear me, congressman? >> very faintly. >> she's asking whether means testing would work with medicare, would you up the age of eligibility for medicare? >> i think i heard that question. look, there's a very different approach on medicare savings. the republican prob proposal, as you say, is to shift rising health care costs on to the backs of seniors because changing the age doesn't do anything to contain growing health care costs. what it does is transfer those health care costs, whereas the approach the president has taken is to build on the accordable care act where you better coordinate care. he has a provision to reform medigap and has provisions that asks form suit call companies to increase the rebate, to go back to where it was in 2003, so it's not that we can't find savings in medicare, it's every rep
medicare savings? for example, are you ready to say that you would be, for example, willing to change the ainge for recipients to achieve? >> maria, i'm losing sound here. i cannot -- >> can you hear me, congressman? >> very faintly. >> she's asking whether means testing would work with medicare, would you up the age of eligibility for medicare? >> i think i heard that question. look, there's a very different approach on medicare savings. the republican prob...
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Dec 19, 2012
12/12
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how does medicare not know what in the world they are paying for? >> well, i think that when you have a government program providing all these things it's very difficult to get costs down. that's why it's important to have competition among providers of medicare, like with the federal employee health benefits plan so seniors can choose a particular plan within medicare, a plan pre-approved by the government. they all compete for seniors. they all compete for seniors' business. that would get costs down. we also need to cut costs of other government programs. government spending has risen from an average of 20% of gdp up to 25%. it's absurd that we're talking about increasing taxes with the fiscal cliff without talks of cutting spending throughout the government, like $12 billion a year for green energy programs. >> david, you argue that the administration is going after medicare and medicaid fraud, right, but what about the responsibility of medicare to understand what they are paying for, the back brace, knowing that you shouldn't be paying $900 fo
how does medicare not know what in the world they are paying for? >> well, i think that when you have a government program providing all these things it's very difficult to get costs down. that's why it's important to have competition among providers of medicare, like with the federal employee health benefits plan so seniors can choose a particular plan within medicare, a plan pre-approved by the government. they all compete for seniors. they all compete for seniors' business. that would...
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Dec 3, 2012
12/12
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what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans and democrats. we would have to see more detail from boehner's office and how they plan to get to the number of $600 billion. >> broadly speaking, these numbers are similar to where they left it on the table last year during those failed negotiations f
what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding...
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Dec 20, 2012
12/12
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it obviously has to be at some point, along with medicare. what are you willing to put on the table today? >> when you look at the social security circumstance, it has not added to the deficit we have today. let's deal with the deficit, the gap, and what we have suggested and we started it with the affordable care act, let's have a more efficient health care system. let's get people out of hospitals, let's have less readmissions and a more efficient system. that will bring down both medicaid, medicare and private health insurance costs which will help our economy. >> i just don't understand how you're not willing to move at all on social security, at least put it on the table. we all know, sir, and i think everybody is only asking you and your colleagues on the hill to make some sort of shared sacrifice, to try and bridge the gap and come to some kind of an agreement to rise above and settle this whole mess, and it just doesn't seem that you're willing to do it. >> i couldn't disagree with you more. we've already done $1 trillion of domestic
it obviously has to be at some point, along with medicare. what are you willing to put on the table today? >> when you look at the social security circumstance, it has not added to the deficit we have today. let's deal with the deficit, the gap, and what we have suggested and we started it with the affordable care act, let's have a more efficient health care system. let's get people out of hospitals, let's have less readmissions and a more efficient system. that will bring down both...
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Dec 28, 2012
12/12
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if there could be $1 trillion in spending cuts in the form of raising the age eligibility on medicare and means testing it, in other words, charging more to those wealthier americans who would qualify for medicare. you and i talked about this the last time you were here. you kind of poo-pooed the idea, but wouldn't that be a possible starter to try and get a compromise of some kind with the gop? >> i don't think i poo-pooed it because medicare is now already income-related, and rather significantly. >> what about the age eligibility? >> i think raising it raises a number of issues. it's mostly a cost shift to other providers and to the insurance carriers and to everybody else. we've agreed to $1 trillion in spending cuts. that done in the budget control act, and the president, who is now meeting with everybody, has promosed another $1 trillion in spending cuts provided we have $1 trillion in increases in taxes, having the middle class tax cuts continue but not for the upper income. if we do not continue them for the upper income, it would bring in about $1 trillion over ten years. >>
if there could be $1 trillion in spending cuts in the form of raising the age eligibility on medicare and means testing it, in other words, charging more to those wealthier americans who would qualify for medicare. you and i talked about this the last time you were here. you kind of poo-pooed the idea, but wouldn't that be a possible starter to try and get a compromise of some kind with the gop? >> i don't think i poo-pooed it because medicare is now already income-related, and rather...
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Dec 27, 2012
12/12
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unemployment insurance, kick the sequester down the road and patch the amt and what we call the doc fix, the medicare piece of this. >> is that going to be enough? >> rick, does that bring the republicans into the fold for john bainer? >> once again, i'm not going to argue about the small but important piece. i think in order to make this happen in the house he needs to go to the other side of the discussion and bring some real potential reform in entitlement reform to the table. obviously they can't get it done in 72 hours. >> correct. >> but there needs to be at least a 1.5 to 2.5-1 spending cuts to taxes and that's where the movement has to be. >> rick is talking about what we talk about a grand bargain, tax reform, entitlement reform, absolutely no way that happens before the end of the year but i'm in sync with some of the other folks who say whether we go over and it's more kind of a bungee jump where a deal is in the making at the time that we go over the cliff, that's actually a very big difference between that and a real chaotic cliff dive so that's what i'd be looking for at this point. >>
unemployment insurance, kick the sequester down the road and patch the amt and what we call the doc fix, the medicare piece of this. >> is that going to be enough? >> rick, does that bring the republicans into the fold for john bainer? >> once again, i'm not going to argue about the small but important piece. i think in order to make this happen in the house he needs to go to the other side of the discussion and bring some real potential reform in entitlement reform to the...
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Dec 14, 2012
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that spending cut, if you get a sizable amount of spending cut related to the drivers of the debt, medicare, medicaid, social security, are you willing to accept higher taxes for the rich? >> the -- >> just to get a deal done. >> the speaker the day after the election went to the podium and put new tax revenue on the table. >> i don't mean new tax ref knew. we know you've got new tax revenue from tax reform. talking about higher tax rates. >> on the top 2%? >> we want to have those good faith negotiations so that we can start putting together that framework. the republicans believe that we can get revenue through tax reform. we need to give that certainty to middle class families and also to the economy, but we have to be careful that we don't further damage the economy moving forward, and so that's why -- >> so the answer is no. you don't want higher taxes, you want the revenue from tax reform. >> we want the good faith negotiations. >> the "new york times" laid out three possibilities and apparently speaker boehner has been laying out to you folks on the republican side, and one of them i
that spending cut, if you get a sizable amount of spending cut related to the drivers of the debt, medicare, medicaid, social security, are you willing to accept higher taxes for the rich? >> the -- >> just to get a deal done. >> the speaker the day after the election went to the podium and put new tax revenue on the table. >> i don't mean new tax ref knew. we know you've got new tax revenue from tax reform. talking about higher tax rates. >> on the top 2%?...
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Dec 10, 2012
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that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the vagaries of what goes on in the stock market. everything goes up and down each day. and today it's natural gas prices. and tomorrow it'll be something else and day after will be something else. if you could just discipline yourself as an investor. i'm speaking now to the individual investors of our k n count country. don't pay a lot of attention to the short-term noise. focus on the long-term. you'll save yourselves a lot of transaction cost. and just realize that in the markets out there, the financial system is a drag on market return. because we're trading with one another, for heaven's sake. trades don't happ
that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the...
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Dec 24, 2012
12/12
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he can can't decide whether to cut the biggest drivers, which is medicaid, medicare and social security. >> i'm thinking, i would love to see the president use the word airline or aviation in the state of the union. just to talk about an enabler of the economy. when a plane arrives in rochester, minnesota, new york, savannah, georgia wlab that does is huge. let alone seattle and los angeles. so let's optimize investment to enable transportation and infrastructure. there are companies around the world. this is a national policy and can you see what is happening. >> we need an oil policy and we don't have an energy policy either. >> that's true. >> energy and cost of labor, have those two assisted up for jetblue. >> it is right about 70%. and we have the youngest fleet and we are a young airline relative to labor cost. right about 70%. >> that's a big number. >> it is a big number. >> you've been expanding. i want to ask you about expanding routes. you are adding seattle to anchorage. international, lighroutes to colombia. why are these international routes so appealing? >> you talk about
he can can't decide whether to cut the biggest drivers, which is medicaid, medicare and social security. >> i'm thinking, i would love to see the president use the word airline or aviation in the state of the union. just to talk about an enabler of the economy. when a plane arrives in rochester, minnesota, new york, savannah, georgia wlab that does is huge. let alone seattle and los angeles. so let's optimize investment to enable transportation and infrastructure. there are companies...
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Dec 5, 2012
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medicare is at the center of it when it comes to the budget. we're going to have to do as much as possible to get on top of the fact that health care costs squeezing out the rest of the budget. that's true through the whole system, and we're going to have to fix the way that entitlement program works. in terms of what this means for the country, the whole issue here is are we going to leave the economy strong enough for the next generation? that's what this comes down to. what we're going now, we're making these short-term choices. we've been make them for years. we're spending more than we're willing to pay for, and we're basically saying to the next generation, here's the bill. and it's going to just undermine the strength of the economy. i should point out, we're not borrowing that to invest. we're borrowing that to consume. so as important as it is to avoid the fiscal cliff, what we really need to do is take this opportunity to put in place a big debt deal and also rethink the way that we do budgeting in this country to strengthen the econo
medicare is at the center of it when it comes to the budget. we're going to have to do as much as possible to get on top of the fact that health care costs squeezing out the rest of the budget. that's true through the whole system, and we're going to have to fix the way that entitlement program works. in terms of what this means for the country, the whole issue here is are we going to leave the economy strong enough for the next generation? that's what this comes down to. what we're going now,...
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Dec 4, 2012
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let's talk medicare. >> medicare is on the table. we've put $ 155 billion worth of cuts in play for hospitals as part of the affordable care act. we recognize to cut a deal, medicare is probably on the table. but there are cuts that make sense and cuts that don't make sense. cutting graduate medical education, the training of our residents, makes no sense. we need more doctors in the future, why would you cut that payment? >> and already we're seeing fewer and fewer doctors, right? because they're not getting paid what they thought they would or what they were so many years ago. >> exactly. we've expanded medical student slots. we need to expand residency slots, not cut resident education. having said that, they have to look at cost of living increases in medicare. i do think we have to look at means testing in medicare. if the medicaid drug rebate was applied to medicare, that would net moneys. there are ways we can solve this. the republicans and the democrats both know that. they ought to come together and solve this issue. >> do
let's talk medicare. >> medicare is on the table. we've put $ 155 billion worth of cuts in play for hospitals as part of the affordable care act. we recognize to cut a deal, medicare is probably on the table. but there are cuts that make sense and cuts that don't make sense. cutting graduate medical education, the training of our residents, makes no sense. we need more doctors in the future, why would you cut that payment? >> and already we're seeing fewer and fewer doctors, right?...
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Dec 13, 2012
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raising the medicare age is a non-starter for you. what if it's not a non-starter for the president? >> well, actually, dick durbin, senator durbin had a press conference earlier today where he said the white house has backed away from raising the eligibility age, as well they should. earlier you said, maria, people are living so much longer. the truth of the matter is if you're in the upper half of the income scale, yes, your longevity has gone up. if you're in the bottom half, not so much, and in fact if you're a poor woman in the united states of america, you've lost ground in how long you live, so raising the age of eligibility would really cut off many, many people. it would affect about 7 million americans who would either have to pay more or they would lose their insurance all together. >> but something's got to give, right, congresswoman? medicare has not been changed since it was adopted, and people are living longer. if you most eligibility age from 56 to 67, we're talking about more than $1 trillion in revenue. >> well, act
raising the medicare age is a non-starter for you. what if it's not a non-starter for the president? >> well, actually, dick durbin, senator durbin had a press conference earlier today where he said the white house has backed away from raising the eligibility age, as well they should. earlier you said, maria, people are living so much longer. the truth of the matter is if you're in the upper half of the income scale, yes, your longevity has gone up. if you're in the bottom half, not so...
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Dec 31, 2012
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using managed care for everybody in medicare. that's the only way you're ever going to get ahold of any health care budget. the problem is not medicare, the problem is health care costs for the whole country. >> you wouldn't go along with the idea on medicare to raise the eligibility limit to 67 and then to do means testing for those wealthy americans who would qualify and have to pay more? >> that's an exceptionally bad idea. let me tell you why. raising the benefit package to 67 eligibility, from 65 to 67 is just down right dumb and more expensive. it costs you more money because those 65 to 67-year-olds are going to end up on the exchanges for a whole lot more money and it's going to cost the government more. better to have them in medicare where the administration costs are 4% instead of 20%. so, that's really an awful idea. the idea of means testing, it already is means tested. if you want means tested a little bit more, be my guest, but means testing medicare really doesn't save you very much money. that's silliness. and i'
using managed care for everybody in medicare. that's the only way you're ever going to get ahold of any health care budget. the problem is not medicare, the problem is health care costs for the whole country. >> you wouldn't go along with the idea on medicare to raise the eligibility limit to 67 and then to do means testing for those wealthy americans who would qualify and have to pay more? >> that's an exceptionally bad idea. let me tell you why. raising the benefit package to 67...
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Dec 3, 2012
12/12
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for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't, they're going to sister to squeeze middle class deductions. that's the president trying to put pressure on. but i think now that we have offers on paper from both sides, there at least is a prospect we'll have more serious bargaining in the days ahead. >> yes. and that is good news. thank you so much, john harwood with the latest there. more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with
for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't,...
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able tprovide... whicmeans better health outcomes... and more quality time to share with the ones who maer most. iove you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. ♪ music kids will spend22 minut, the super dur party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe toothain later. two minutes twice a day. they have the time. liz: casual dining getting crushed. bling dartmouth restaurants. does that ring a bell? how could it not? americana. a horrible into a picture. red lobster and olive garden and all you can eat bread sticks and unlimited salad and my favorite, the cheddar biscuits. if you own the stocks might take some pep the abysmal. the stock is getting eaten alive here. this is not a great picture as you can see. we were doing just fine and a big drop off today, what happened? 9% after making the move to the market power mover,
and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able tprovide... whicmeans better health outcomes... and more quality time to share with the ones who maer most. iove you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. ♪ music kids will spend22 minut, the super dur party troopers, sing about ants in their pants. brushing for two minutes now, can...
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Dec 19, 2012
12/12
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medicare has never been changed since it was first put into place. you know, what do you think it's going to take to actually get things done here? i -- does it surprise you that we don't have a deal yet at this time in the calendar? >> i don't know that it surprises me we don't have a deal yet because the unfortunate truth about washington negotiations is anything hard doesn't tend to happen until the very last moment, and let me be honest about that. that has real economic consequences and costs. it's already harm our economy that we're waiting so long, but what i really think we need to see, and you're right, voters outside of washington understand these issues, but we need real honest discussion with the people people where instead of both side pretending that you can get this without the tough choices and going back to the bases and saying there are things you don't like and instead of the conversation always being us and them, two sides fighting it out instead of the country, i think you need to see politicians come together. i think you need t
medicare has never been changed since it was first put into place. you know, what do you think it's going to take to actually get things done here? i -- does it surprise you that we don't have a deal yet at this time in the calendar? >> i don't know that it surprises me we don't have a deal yet because the unfortunate truth about washington negotiations is anything hard doesn't tend to happen until the very last moment, and let me be honest about that. that has real economic consequences...
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quali time to share with the ones who maer most. i love you, grandma! male annouer ] humana. ♪ liz: citigroup, the most failed outbreak in history, leave it to them to do the wrong thing during the holiday season. first off they're laying off thousands of employees and reneging on their year-end bonuses. charlie gasparino with the details. this is particularly bad. >> christmas? liz: do not do it in the summer. >> some would say, there is the grinch. you're right. liz: do these people know what is coming? the likelihood is you work like 11 months out of 12, you will not get your year-end bonus. at citigroup there is a rule they don't prorate it. what he is doing is saying the bylaws or the rules, they're getting screwed right now. employees as well, they get bonuses. you get a good chunk. a significant chunk of your compensation is through this year-
and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quali time to share with the ones who maer most. i love you, grandma! male annouer ] humana. ♪ liz: citigroup, the most failed outbreak in history, leave it to them to do the wrong thing during the holiday season. first off they're laying off thousands...
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what kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are
what kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with...
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more qlity time to share th the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ is unique. every g and there is one store that recognizes it. the sleep nuer store. the only place in the rld you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of intions that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technologythat alt to t support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize yo sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday sea
and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more qlity time to share th the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ is unique. every g and there is one store that recognizes it. the sleep nuer store. the only place in the rld you'll find the extraordinarily comfortable...
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Dec 28, 2012
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system by raising the age eligibility to 67 and means t t testing for wealthy recipients of medicare? does that work for you? >> well, if it's all on the spending side, remember, when we get past this fiscal cliff, boehner and mitch mcconnell have made it clear the president wants a debt ceiling increase of any amount, like $1 trillion, he has to find $1 trillion in savings. >> well, according to corker and alexander, this is $1 trillion in savings from the medicare program if you do what they are suggesting here. >> all from spending, i hope? >> that's what they are saying. >> if it's all from spending, that's something we could do as part of the debt ceiling. that -- that's a fine suggestion. it -- it just shouldn't be confused with the present mess this week. >> but, they are adding this to the conversation if -- i mean, obviously we're not going to get something comprehensive before december 31, but as the talks continue, assuming they do into january, maybe even longer as we get closer to the debt ceiling, is this a kind of a compromise that you can accept on the other side? >>
system by raising the age eligibility to 67 and means t t testing for wealthy recipients of medicare? does that work for you? >> well, if it's all on the spending side, remember, when we get past this fiscal cliff, boehner and mitch mcconnell have made it clear the president wants a debt ceiling increase of any amount, like $1 trillion, he has to find $1 trillion in savings. >> well, according to corker and alexander, this is $1 trillion in savings from the medicare program if you...
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Dec 10, 2012
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that's everything from gradually raising the age on medicare. something that the president himself entertained at least in the summer of 2011. and we should look at means testing, higher income earners on medicare. i think long-term and the speaker mentioned this. there could be an adjustment on the social security for upper income earnings. something where they don't get a cut. perhaps it doesn't rise as fast as it would for low income earnings. there's a lot of good ideas on the table, but the problem has been while republicans have been willing to talk about revenue, so far the president has not been specific at all about spending cuts let alone entitlement reforms. >> we've had a number of democrats on the program as you can imagine in addition to republicans. and each time we ask about means testing on social security or medicare even, they're against that saying that that's an earned right in our country and they don't want to give that up. they don't want to set a dangerous precedent that taking something away from people who have earned
that's everything from gradually raising the age on medicare. something that the president himself entertained at least in the summer of 2011. and we should look at means testing, higher income earners on medicare. i think long-term and the speaker mentioned this. there could be an adjustment on the social security for upper income earnings. something where they don't get a cut. perhaps it doesn't rise as fast as it would for low income earnings. there's a lot of good ideas on the table, but...
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Dec 18, 2012
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medicare, medicaid, entitlements, defense. should that be enveloped, wrapped in tell of this? >> what they have put forward is an effort to tie the social security increases more practically to increases in the cost of living which is a step in the right direction toward thinking about the future, the next generation, and what they're going to inherit from last. liz: she had guns a year of the biggest ceos around. thank you so much. we appreciate you being here. partnership for new york city ceo and president, dow jones industrial about 90 points. this is a solid day. we'll see how it ends. sixteen minutes before the closing bell rings. liz: in the wake of that tragedy at the elementary school in connecticut, shares of gunmakers are toxic leak. major selling pressure. right now no one wants to touch these names. the mass murders of 20 children on friday and six adults smith and wesson was up more than 170%. right now falling by multiple percentage points. debbie is day of trading ever for smith and wesson. shares of ruger down about seven and a half%, of the close of the sessi
medicare, medicaid, entitlements, defense. should that be enveloped, wrapped in tell of this? >> what they have put forward is an effort to tie the social security increases more practically to increases in the cost of living which is a step in the right direction toward thinking about the future, the next generation, and what they're going to inherit from last. liz: she had guns a year of the biggest ceos around. thank you so much. we appreciate you being here. partnership for new york...
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Dec 20, 2012
12/12
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they agreed on means testing for medicare. there isn't a whole lot of room to go deeper than that and until the speaker can get his caucus to come along to something close to what he and the president were about to agree with, we're not going to have progress. >> no progress. does that mean we don't get a deal bill year end and we go over the cliff and taxes soar on everybody and the spending cuts take effect or what's the odds we'll get a deal next week? >> you know, maria, we've talked about this many times. i've been optimistic from the beginning. i think the fundamentals are in place in terms of a recalibration by the republican party post-election to the fact that they were going to have to deal with this president and the fact that he won. so, i still think there's a chance, but i would have to be pressing what i'm hearing from all my sources to say it's better than 50/50 chance. still possible that members go home, they come back after christmas, the speaker and the president ail agree on something and they ultimately f
they agreed on means testing for medicare. there isn't a whole lot of room to go deeper than that and until the speaker can get his caucus to come along to something close to what he and the president were about to agree with, we're not going to have progress. >> no progress. does that mean we don't get a deal bill year end and we go over the cliff and taxes soar on everybody and the spending cuts take effect or what's the odds we'll get a deal next week? >> you know, maria, we've...
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Dec 17, 2012
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you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and how that ripples down. >> you're talking about $6,000 a month out of their pocket. that's $6,000 is often today going to their kids, going to gifting, and going into the market. all that will get shut off. and that's going to effect them. the savings rate on that $6,000 ten
you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a...
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Dec 26, 2012
12/12
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through the expiration of the bush tax cuts and assuming congress does not approve the patch anded medicare doc fix, and other things. the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up for lower income earners. the maximum low rate would revert to 15% from 10% now, and investors see capital gains rate revert from 20%, revert to 20%, rather from 15% now. depending on what analysis you look at, average families could pay $2,000 to $4,000 more in taxes next year. ashley? ashley: that's the why it's called the cliff. thank you, peter. >> you bet. ashley: the speaker stuck in a storm, but the phones do work. bell ringing soon, and amazon known for customer service, especially over the holidays, but it's not cared over to the web hosting business. merry christmas for hollywood. ticket sales going through the roof. details when "count down" returns. ♪ ♪ >> well, earlier, of course, we touched on the weakness in retail after disappointing data. well, technology shares under pressure, especially the large cap names. the selling could be due to
through the expiration of the bush tax cuts and assuming congress does not approve the patch anded medicare doc fix, and other things. the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up for lower income earners. the maximum low rate would revert to 15% from 10% now, and investors see capital gains rate revert from 20%, revert to 20%, rather from 15% now. depending on what analysis you look at, average families could pay $2,000 to $4,000 more in...
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Dec 26, 2012
12/12
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in addition to that you would have the doc fix for medicare to prevent doctors reimbursement from falling precipitously in that program and a temporary extension of unemployment benefits. that's the mini deal we're looking at. the question is whether republicans will cooperate with democrats to do that in the senate and if house speaker john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can be at the very minimum at this point. john harwood, thanks. see you later. don't worry, be happy. one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our
in addition to that you would have the doc fix for medicare to prevent doctors reimbursement from falling precipitously in that program and a temporary extension of unemployment benefits. that's the mini deal we're looking at. the question is whether republicans will cooperate with democrats to do that in the senate and if house speaker john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can...
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Dec 12, 2012
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. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan stanley will go a deep as citigroup. i think they will do a little bit. we should also point out one other thing, covering 20 years overreacting for 20 years, they cut back and things got better and go crazy hiring so remember the pendulum of false both ways. liz: thank you. i am taking orders for chocolate. the holidays are coming up. >> how old are your kids? 11 and eight. liz: classic. the markets are not ballooning out. the s&p is coming back. the s&p ha has a little bit of green on your screen. much more ahead. gold, we are watching it. [ male announcer ] this is amy. amy likes to invest in th
. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan...
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Dec 7, 2012
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i'm sympathetic with seniors on medicare. i'm certainly sympathetic with the 100,000 kids who are going to lose their head start. we have got to do something about the deficit in this country. you cannot take the position that, well, pi industry needs to be exempted from this. or the defense will suffer. everything will suffer. we will make do. we're a great country, but the biggest danger to this country is not cuts to the defense department. the biggest danger going forward is a deficit that's going to approach 80% or 90% of gdp. >> if i could respond, nobody is saying that there's any one special interest that can't participate. what we're saying is it would be not the right approach to just take this one slash, giant additional defense cut. this has to be across the board. it's got to be a balanced budget. it's got to be addressing all sorts of issues. there's got to be spending cuts across the board as well as the raising of revenue. the real concern is not reaching a decision and just letting this take place without any
i'm sympathetic with seniors on medicare. i'm certainly sympathetic with the 100,000 kids who are going to lose their head start. we have got to do something about the deficit in this country. you cannot take the position that, well, pi industry needs to be exempted from this. or the defense will suffer. everything will suffer. we will make do. we're a great country, but the biggest danger to this country is not cuts to the defense department. the biggest danger going forward is a deficit...
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Dec 18, 2012
12/12
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the rich are not paying their share share, all for means testing social security and means testing medicare, but i will tell you that the leading democrats in the senate have said social security is not broken. they won't look at the age and they won't means test because they think these programs are not broken. that's how far apart we are and why it's difficult to find a compromise because they don't think entitlements are broken. >> will you go along with the speaker's plan "b" and that is allow the $1 million and lower set to not see any tax increases and then the others above 1 million will see their taxes raised and then you'll deal with spending cuts later? this is your party. john boehner's plan "b." will you go along with plan "b". >> if you separate the taxes into two different bills and let the democrats have a tax increase basically on the upper side, i'll vote no, but they can still get what they want by separating the bill into two pieces. that may happen, but they have already out of hand dismissed the $1 million level, so we have to find a level that they won't dismiss, and i
the rich are not paying their share share, all for means testing social security and means testing medicare, but i will tell you that the leading democrats in the senate have said social security is not broken. they won't look at the age and they won't means test because they think these programs are not broken. that's how far apart we are and why it's difficult to find a compromise because they don't think entitlements are broken. >> will you go along with the speaker's plan...